BMI Valuation

Badger Meter Inc

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193.010

+3.19(1.681%)1D

Overview
Forecast
Valuation
Earnings

BMI Relative Valuation

BMI's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, BMI is overvalued; if below, it's undervalued.

Historical Valuation

Badger Meter Inc (BMI) is now in the Fair zone, suggesting that its current forward PE ratio of 38.94 is considered Fairly compared with the five-year average of 44.69. The fair price of Badger Meter Inc (BMI) is between 178.03 to 222.59 according to relative valuation methord.

Relative Value

Fair Zone

178.03-222.59

Current Price：193.01

Fair

38.94

Trailing

Forward

25.46

EV/EBITDA

Badger Meter Inc. (BMI) has a current EV/EBITDA of 25.46. The 5-year average EV/EBITDA is 26.37. The thresholds are as follows: Strongly Undervalued below 19.40, Undervalued between 19.40 and 22.88, Fairly Valued between 29.85 and 22.88, Overvalued between 29.85 and 33.33, and Strongly Overvalued above 33.33. The current Forward EV/EBITDA of 25.46 falls within the Historic Trend Line -Fairly Valued range.

30.29

EV/EBIT

Badger Meter Inc. (BMI) has a current EV/EBIT of 30.29. The 5-year average EV/EBIT is 33.52. The thresholds are as follows: Strongly Undervalued below 25.23, Undervalued between 25.23 and 29.37, Fairly Valued between 37.66 and 29.37, Overvalued between 37.66 and 41.81, and Strongly Overvalued above 41.81. The current Forward EV/EBIT of 30.29 falls within the Historic Trend Line -Fairly Valued range.

5.89

Badger Meter Inc. (BMI) has a current PS of 5.89. The 5-year average PS is 5.84. The thresholds are as follows: Strongly Undervalued below 4.10, Undervalued between 4.10 and 4.97, Fairly Valued between 6.71 and 4.97, Overvalued between 6.71 and 7.58, and Strongly Overvalued above 7.58. The current Forward PS of 5.89 falls within the Historic Trend Line -Fairly Valued range.

38.22

P/OCF

Badger Meter Inc. (BMI) has a current P/OCF of 38.22. The 5-year average P/OCF is 36.05. The thresholds are as follows: Strongly Undervalued below 25.45, Undervalued between 25.45 and 30.75, Fairly Valued between 41.35 and 30.75, Overvalued between 41.35 and 46.66, and Strongly Overvalued above 46.66. The current Forward P/OCF of 38.22 falls within the Historic Trend Line -Fairly Valued range.

42.85

P/FCF

Badger Meter Inc. (BMI) has a current P/FCF of 42.85. The 5-year average P/FCF is 40.67. The thresholds are as follows: Strongly Undervalued below 28.86, Undervalued between 28.86 and 34.76, Fairly Valued between 46.58 and 34.76, Overvalued between 46.58 and 52.49, and Strongly Overvalued above 52.49. The current Forward P/FCF of 42.85 falls within the Historic Trend Line -Fairly Valued range.

Badger Meter Inc (BMI) has a current Price-to-Book (P/B) ratio of 8.39. Compared to its 3-year average P/B ratio of 9.23 , the current P/B ratio is approximately -9.04% higher. Relative to its 5-year average P/B ratio of 8.35, the current P/B ratio is about 0.55% higher. Badger Meter Inc (BMI) has a Forward Free Cash Flow (FCF) yield of approximately 2.81%. Compared to its 3-year average FCF yield of 2.14%, the current FCF yield is approximately 31.56% lower. Relative to its 5-year average FCF yield of 2.46% , the current FCF yield is about 14.53% lower.

8.39

P/B

Median3y

9.23

Median5y

8.35

2.81

FCF Yield

Median3y

2.14

Median5y

2.46

Competitors Valuation Multiple

The average P/S ratio for BMI's competitors is 2.75, providing a benchmark for relative valuation. Badger Meter Inc Corp (BMI) exhibits a P/S ratio of 5.89, which is 114.36% above the industry average. Given its robust revenue growth of 9.89%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Modine Manufacturing Co

Zurn Elkay Water Solutions Corp

Gates Industrial Corporation PLC

Performance Decomposition

Market capitalization of BMI decreased by 6.22% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 216.66M to 238.10M.

The secondary factor is the Margin Expansion, contributed -4.78%to the performance.

Overall, the performance of BMI in the past 1 year is driven by Revenue Growth. Which is more sustainable.

9.89%

216.66M → 238.10M

Revenue Growth

-4.78%

15.26 → 14.53

Margin Expansion

-11.33%

47.42 → 42.05

P/E Change

-6.22%